Does your organization have a strategy to fight fraud? Since the risks of fraud cannot be underestimated, it is not enough just to detect and investigate fraud. Fraud can never be eliminated from business entirely, simply because collusion can always overcome normal organizational controls. To combat fraud, an organization needs...
Small businesses are vulnerable to fraud because they lack the resources to implement complete systems of internal controls and properly manage accounting duties among their limited staffs. This often leads to accounting personnel who is tasked with completely inappropriate job functions that provide easy opportunities for committing financial frauds. Furthermore,...
